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Japan Sticks With FX Chief Asakawa After Trump Tweets Currencies

Japan opted to keep a steady and experienced hand in charge of the yen amid renewed concern that foreign exchange is in the cross hairs of the Trump administration.
Masatsugu Asakawa will continue as Japanís top currency official for a fourth straight year after a shuffling of top finance ministry officials announced Friday by the Cabinet Office. It is rare for one of Japanís top bureaucrats to retain such a role for so long. If Asakawa stays for another full year, he will have worked in the post longer than current Bank of Japan Governor Haruhiko Kuroda, who previously held the position.
The appointment comes little more than a ... (full story)